Following a recent high court decision, the Australian Tax Office (ATO) has made changes to the rules around the residency test for foreign incorporated companies.
There is a growing trend for food and hospitality businesses to utilise an employee’s personal credit card in the payment of everyday business expenses, in order to accumulate customer loyalty points through a customer loyalty program (e.g., Qantas frequent flyer points).
Payroll tax is levied on an employer by the relevant state revenue authority, in cases where an employer pays “taxable wages” over a certain threshold. As payroll tax is levied on a state by state basis, the rates and thresholds vary, however given recent harmonisation projects undertaken by the state...
As unpleasant as a task as it is, drawing up and consistently reviewing your Estate & Succession Plan is a necessity to ensure that the assets you have worked your entire life to accumulate are passed on to the right people.
For many employers, managing Annual Leave entitlements is an onerous task. This is especially true for businesses with a large number of employees who have accrued more than four weeks of annual leave, resulting in a strain on the current ratio of leave.